Shares of internet service provider Cogent Communications (NASDAQ:CCOI) fell 9% in the afternoon session after the company gave back some of its gains from the previous session. The drop followed a 6.8% rise during the prior trading day. That earlier jump was driven by the board of directors' decision to authorize the resumption of the company's stock repurchase program. Stock buybacks often signaled management's confidence in a company's future, which investors typically viewed in a positive light. However, the subsequent fall in the share price occurred without any new company-specific information being released.
Shares of internet service provider Cogent Communications (NASDAQ:CCOI) jumped 6.8% in the afternoon session after its board of directors authorized management to resume the company's stock repurchase program.
Business services providers thrive by solving complex operational challenges for their clients, allowing them to focus on their secret sauce. Still, investors are uneasy as firms face challenges from AI-driven disruptors and tightening corporate budgets.
These doubts have certainly contributed to services stocks’ recent underperformance - over the past six months, the industry’s 2.7% gain has fallen behind the S&P 500’s 13% rise.
A number of stocks fell in the afternoon session after investors continued to question how much more the superstar stocks can add to their already spectacular gains.
Shares of internet service provider Cogent Communications (NASDAQ:CCOI) fell 5.1% in the afternoon session after The Goldman Sachs Group lowered its price target on the stock from $40.00 to $25.00. While the investment firm maintained its "neutral" rating on the company, the significant cut in the price target suggested a less favorable view of the stock's near-term prospects. A price target represents the price at which an analyst believes a stock is fairly valued. A sharp reduction like this often leads investors to reassess their own valuation of a company, which can trigger a sell-off in the shares.
Wondering how the US markets performed one hour before the close of the markets on Thursday? Discover the movers and shakers of today's session in our comprehensive analysis.
Shares of internet service provider Cogent Communications (NASDAQ:CCOI) fell 28.5% in the morning session after the company reported disappointing third-quarter results that fell short of revenue and EBITDA expectations. The internet service provider posted revenue of $241.9 million, representing a 5.9% decrease year-on-year and missing Wall Street's forecasts. Although the company's GAAP loss of $0.87 per share was narrower than analysts had anticipated, this was overshadowed by the weak top-line performance. Furthermore, Cogent missed expectations for Adjusted EBITDA, a key measure of profitability. Investors appeared to focus on the declining sales and weaker-than-expected profitability, signaling concerns about the company's near-term business outlook.
Stay up-to-date with the latest market trends in the middle of the day on Thursday. Explore the top gainers and losers during today's session in our detailed report.
Internet service provider Cogent Communications (NASDAQ:CCOI) fell short of the markets revenue expectations in Q3 CY2025, with sales falling 5.9% year on year to $241.9 million. Its GAAP loss of $0.87 per share was 14.6% above analysts’ consensus estimates.
Internet service provider Cogent Communications (NASDAQ:CCOI) will be reporting results this Thursday before market hours. Here’s what investors should know.
Small-cap stocks can be incredibly lucrative investments because their lack of analyst coverage leads to frequent mispricings.
However, these businesses (and their stock prices) often stay small because their subscale operations make it harder to expand their competitive moats.
Hong Kong Telecommunications (HKT) (HKT: 6823.HK) is facing significant headwinds today, October 15, 2025, as the U.S. Federal Communications Commission (FCC) announced it is initiating proceedings to revoke the company's authority to operate in the United States. Citing national security concerns, the FCC issued a "show cause order"
A number of stocks fell in the afternoon session after President Trump threatened a 'massive increase in tariffs' on Chinese imports, reigniting fears of a renewed US-China trade war.
Exciting developments are taking place for the stocks in this article.
They’ve all surged ahead of the broader market over the last month as catalysts such as new products and positive media coverage have propelled their returns.
Over the last six months, Cogent’s shares have sunk to $43.70, producing a disappointing 13.7% loss - a stark contrast to the S&P 500’s 27.9% gain. This might have investors contemplating their next move.
